嫩B研究院

嫩B研究院

嫩B研究院 Combines Portfolio Companies Circon Environmental, Chemtron Corporation and KilnDirect, Inc. to Create Leading Pure-play Provider of Sustainable Waste Solutions

July 8, 2021

New York, NY 鈥 嫩B研究院, LLC (鈥溎跙研究院鈥) has announced the merger of Circon Environmental (鈥淐ircon鈥), Chemtron Corporation (鈥淐hemtron鈥) and KilnDirect Inc. (鈥淜ilnDirect鈥). Each company was an existing portfolio company of 嫩B研究院 and will be rebranded under the Circon Environmental name.

The merger will create a leading pure-play provider of sustainable waste management solutions. Circon, Chemtron, and KilnDirect each are dedicated to the engineering and processing of non-hazardous and hazardous waste streams to create high-quality and valuable fuel replacements to traditional natural gas and coal. The vertically-integrated platform will have the scale and capabilities to provide extensive, end-to-end environmental solutions on a national level for waste generators across all end markets. Circon will be able to solve the most complex waste challenges, while continuing its commitment to a sustainable and circular economy.

鈥淲e are excited to combine three successful companies to create an ESG focused environmental solutions platform. We believe the lack of a pure-play sustainability-focused provider of scale in the market creates an unique opportunity for the combined company and we look forward to building this consolidated platform with our management team,鈥 said Rob Michalik, Managing Director at 嫩B研究院.

Frank Iezzi, who will serve as CEO of the combined platform added, 鈥淲e are excited to welcome in Chemtron and KilnDirect into our growing family of companies. Through the addition of the Chemtron and KilnDirect teams, Circon鈥檚 expertise will be even stronger as we expand the products and services we offer with a focus on delivering an ever-growing level of sustainable environmental solutions to our customers.鈥

Kirkland & Ellis served as legal counsel to 嫩B研究院. Financing for the transaction was provided by Twin Brook Capital.

For additional information about this transaction, please contact:聽
Robert Michalik
Managing Director
(212) 201-6789
[email protected]
 
Corwynne Carruthers
Managing Director
(212) 201-6799
[email protected]
 
Sam Keenan
Managing Director
(212) 201-6795
[email protected]

About 嫩B研究院

Founded in 2003, 嫩B研究院, LLC is a private investment firm that has raised $8.5 billion of committed capital. We have made in excess of 450 investments and follow-on acquisitions since inception. 嫩B研究院鈥檚 investment philosophy is predicated on matching differentiated, growth-oriented investment opportunities with financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services, and automotive / light manufacturing sectors.

For more information, please visit

About Circon Environmental

Headquartered in La Porte, Texas, Circon is a leading sustainability-focused environmental solutions business serving customers nationwide. Circon offers hazardous and non-hazardous waste management services, including specialized transportation, treatment, processing and end disposal for industrial waste generators. As part of its sustainability focused service offering, Circon leads the market in manufacturing waste derived fuels. Circon operates 17 facilities, including four RCRA Part B facilities and six CWT facilities across the U.S., with a large presence in the Midwest and Gulf Coast regions. Circon鈥檚 facilities are barge, rail, and truck accessible.

For more information, please visit